3 ms·

China

• saalweachter 13y ago
  Is there a surge in Chinese speculators or users? I remember a few years back there were stories about how broken the savings system was in China; something like the only two legal investments were state banks, which gave 1% interest when there was double-digit inflation, and real estate, where you could buy apartments in empty cities on the premise that it was really hard to do worse than the negative 10% real rate of return you got from banks. In that environment I could see how an investment vehicle like BTC could really take off.
  • dragonwriter 13y ago
    > Is there a surge in Chinese speculators or users? Probably both, though its probably not simple to figure out the ratios.
• VMG 13y ago
  A few days ago yes, but currently there hasn't been an increase in Chinese demand as far as I can tell Compare http://bitcoinwisdom.com/markets/btcchina/btccny http://bitcoinwisdom.com/markets/btcchina/btccny and http://bitcoinwisdom.com/markets/mtgox/btcusd http://bitcoinwisdom.com/markets/mtgox/btcusd